BEND, OR, May 25, 2016 (GLOBE NEWSWIRE) -- Signal Bay Inc. (OTC:SGBY) a leading provider of cannabis consulting and analytical laboratory services is pleased to announce that it has completed the acquisition of Oregon Analytical Services of Eugene, Oregon. Signal Bay subsidiary EVIO Labs will take over full management and operations of Oregon Analytical Services, (“OAS”).

Oregon Analytical Services has been providing full service analytical cannabis testing lab services in the greater Eugene area since 2014. With a perpetual client base of over 500 cultivators, extractors, processors, edible manufacturers, and dispensaries, OAS has positioned itself as one of the dominant testing companies in Western Oregon. Offering full compliance analytical testing services, including residual solvent and pesticide testing, OAS is centrally located to expand the service offering of EVIO Labs existing and proposed expansion labs within Oregon.

Signal Bay and EVIO Labs CEO William Waldrop commented “We are very proud to have achieved our goal of acquiring OAS in Eugene, Oregon, extending our cannabis lab footprint throughout Southern Oregon. This acquisition complements our acquisition last year of Cannalytical Research in Bend, Oregon and our pending acquisition of Kenevir Research, another full-service cannabis test lab in Medford. The acquisition Oregon puts EVIO Labs in a strong revenue position in the burgeoning Oregon cannabis marketplace. The next steps in the continued growth of EVIO Labs is to complete our acquisition of Kenevir Research, identify a prospective location in the Portland metropolitan area and open our previously announced lab testing facility in the Emerald Triangle of Northern California.”

Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.